Bitcoin is currently trading around $102,892.66, with a 2.91% increase. Here's what's happening in the world of BTC:
Latest News
- *Institutional Investment*: Bitcoin surged past $100,000 on May 8 as institutional investors ramped up ETF inflows, with ARK 21Shares, Fidelity, and BlackRock leading the charge.
- *Market Dominance*: Bitcoin's market dominance surged above 60%, reflecting more bullish sentiment.
- *Metaplanet's Acquisition*: Metaplanet spent $53.4 million acquiring 555 Bitcoin at an average price of $96,134 on May 7, bringing its total stash to 5,555.
Market Trends
- *Price Prediction*: Bitcoin's positive performance and institutional buying pressure could push it past $110,000 in May, with some analysts predicting a further rally toward $180,000 and beyond.
- *Bullish Sentiment*: Risk-on sentiment prevails, with Bitcoin price stabilizing around $103,000 after rallying nearly 10% this week ¹ ².
Expert Insights
- *BTC Price Forecast*: Bitcoin bulls aim for $105,000 after nearly 10% weekly gains, driven by growing institutional interest and favorable market conditions.
- *Market Volatility*: Bitcoin's high volatility is driven by factors like increasing or decreasing public interest, absence of current regulation, and pressure from governments ³.
